Thursday, July 26, 2007

Eleven days after the union threatened to go on strike, a deal was made. Both sides have agreed on a new deal. Had the deal not been made, it could have cost the shipping industry Billions of dollars with the amount of import and export that the ports of Los Angeles and Long Beach deal with. This also will put the cruise industry at ease. Altho it has not been mentioned during the almost two week standoff, the cruise industry relies on the same longshoreman that would have honored the picket lines.

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